Unum Group ceased actively marketing its medical stop-loss product line as of the third quarter of 2024. This decision is part of the company's ongoing strategy to optimize its business portfolio.
The discontinuation allows Unum to reallocate resources and focus on its core, higher-growth segments. This move aligns with the company's broader efforts to streamline operations and enhance financial flexibility.
By exiting less strategic lines of business, Unum aims to improve overall profitability and concentrate on areas that offer stronger long-term growth potential. This follows previous exits from individual and group long-term care and U.S. pension plans.
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